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Economy News

The Times of India

Economy / The Times of India

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This billionaire flew economy and took free salt packets despite his wealth

IKEA founder Ingvar Kamprad lived a remarkably simple life despite his vast fortune. He consistently chose flea market clothes and economy travel, setting a personal example. Kamprad reused tea bags and ate at IKEA cafeterias, avoiding expensive dining options. His thrifty habits stemmed from his upbringing in rural southern Sweden. This frugality also shaped IKEA's company culture and employee guidelines.

17 Jul 2026 12:53 pm